Dubai · multi-activity licences
Accounting, tax and audit for Meydan Free Zone companies
A Meydan Free Zone licence can cover up to three groups of activities. That flexibility is useful for the business, but it means your accountant has to look closely at where each dirham of revenue comes from when the corporate tax return is prepared.
Send one free request and get quotes from up to three licensed accounting, tax and audit firms that work with free-zone companies.
About Meydan Free Zone
Meydan Free Zone is in Dubai. It offers more than 2,500 business activities, and a single licence can hold up to 3 activity groups.
That makes mixed businesses possible on one licence, for example a consultancy that also sells products, or a trading company that also offers services. For tax, each stream of income has to be classified, so clean bookkeeping by activity saves time at year-end.
Audit and financial statements
What is confirmed comes from federal rules:
- QFZP status needs an audit
Under Ministerial Decision 84 of 2025, every Qualifying Free Zone Person must prepare audited financial statements, whatever its revenue. So must any taxable person with revenue over AED 50m.
- Licensed auditors only
The auditor must be licensed by the Ministry of Economy and Tourism (Federal Decree-Law No. 41 of 2023).
- Meydan’s own rules
Whether Meydan asks for audited accounts, and by when, is not confirmed here. Check with Meydan or with the firms that quote.
Read the guide to audited financial statements or see audit services.
Corporate tax with more than one activity
Every Meydan company must register for corporate tax. A company set up on or after 1 March 2024 has 3 months from incorporation.
The 0% rate is only for qualifying income of a Qualifying Free Zone Person. Here the de minimis test deserves attention: non-qualifying revenue may be no more than 5% of total revenue or AED 5m, whichever is lower. With several activity groups on one licence, one non-qualifying stream can push a company over that line. If it does, the company pays 9% for that tax period and the next four.
The other QFZP conditions are adequate substance in the zone, transfer pricing compliance, no election into the standard regime, and audited IFRS financial statements. A QFZP that distributes goods in or from a Designated Zone also needs an agreed-upon procedures report under FTA Decision No. 6 of 2026, from tax periods starting on or after 1 January 2026.
Our Qualifying Free Zone Person guide explains the conditions in more detail. A tax agent can check how your activities are treated.
Services Meydan companies ask for
Requests usually combine bookkeeping that tracks revenue by activity with corporate tax filing. Companies that want QFZP status add an audit.
- External auditAudited financial statements by a registered auditor
- Corporate tax registrationRegister on EmaraTax on time
- Corporate tax return filingFinancial statements, tax computation and the return
- Bookkeeping & accountingMonthly books, reconciliations and reports
- VAT registrationThreshold check, application and TRN
- Liquidation & deregistrationClose the company and its tax registrations properly
Meydan Free Zone: common questions
Does having three activity groups change my corporate tax?
It can. Each income stream is classified as qualifying or non-qualifying. If non-qualifying revenue goes over 5% of total revenue or AED 5m, whichever is lower, QFZP status is lost for that period and the next four.
Do I need to register for corporate tax if I expect 0%?
Yes. All Free Zone Persons must register with the FTA. See corporate tax registration.
Does Meydan require an audit?
We have not confirmed Meydan’s own rule, so ask the zone or your accountant. For corporate tax, an audit is required if you claim QFZP status.
Who are the firms that quote?
Licensed accounting, tax and audit firms. We ask each firm for its trade licence and, where relevant, its FTA tax agent or Ministry auditor registration.
Get quotes for your Meydan company
Tell us your activities and what you need. Up to three licensed firms reply. Free, no obligation.